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Yes, without the PS3 'HD-DVD' would have had a fair shot at winning the "HD War", and Sony would have missed out on a percentage of royalties (Not that I expect this amount of money to be huge...).

Do I think it really helped the sales of the PS3 in the end? No, it would have been cheaper without Blu-Ray, and multiple DVD's to play your games is a way overstated "problem".

If I had to go back in time and advice Sony on the PS3 though, I would have told them to keep the Blu-Ray and ditch the Cell.